Accounting Records; Internal Controls. Each Xxxxxxx Corporation maintains accurate books and records reflecting its assets and liabilities and maintains proper and adequate internal accounting controls which provide assurances that (i) transactions are executed with management’s authorization, (ii) transactions are recorded as necessary to permit preparation of the Xxxxxxx Financial Statements and to maintain accountability for Xxxxxxx’x consolidated assets and liabilities, (iii) access to Xxxxxxx’x assets is permitted and liabilities incurred only in accordance with management’s authorization, (iv) the reporting of Xxxxxxx’x assets is compared with existing assets at regular intervals, and (v) Accounts Receivable and inventory are recorded accurately, and proper and accurate procedures are implemented to effect the collection thereof on a current and timely basis. To Xxxxxxx’x knowledge, the date processing equipment, data transmission equipment, related peripheral equipment and software used by Xxxxxxx and the Xxxxxxx Corporations (including any disaster recovery facility) to generate and receive accounting and patient records are adequate to operate the Xxxxxxx Corporations after the Closing as historically operated.
Accounting Records; Internal Controls. 4.6.1 Each of the Sellers has records that accurately and validly reflect their respective transactions, and accounting controls sufficient to insure that such transactions are (a) executed in accordance with management's general or specific authorization and (b) recorded in conformity with GAAP so as to maintain accountability for assets.
Accounting Records; Internal Controls. Each of Seller (with respect to the Business) and Company has records that accurately and validly reflect its respective transactions, and accounting controls sufficient to insure that such transactions are (i) executed in accordance with management's general or specific authorization and (ii) recorded in conformity with GAAP so as to maintain accountability for assets. Such accounting records, to the extent they contain important information that is not easily and readily available elsewhere, have been duplicated, and such duplicates are stored safely and securely pursuant to procedures and techniques utilized by companies of comparable size in similar lines of business. The data processing equipment, data transmission equipment, related peripheral equipment and software used by Seller and Company in the operation of the Business (including any disaster recovery facility) to generate and retrieve such records are comparable in performance, condition and capacity with those utilized by companies of comparable size in similar lines of business.
Accounting Records; Internal Controls. (a) The books and records of the Acquired Companies and Related Consolidated Entities have been maintained in all material respects in accordance with commercially reasonable business practices and fairly reflect, in all material respects, the financial position of the Acquired Companies and Related Consolidated Entities and all material transactions of the Acquired Companies and Related Consolidated Entities.
Accounting Records; Internal Controls. The Concessionaire agrees to keep a book of accounts and records of all operations and to establish systems of bookkeeping and accounting in a neat and organized manner, satisfactory to the Parks and Recreation Commission and/or its designee. Concessionaire shall permit an inspection of said Concessionaire’s books and records by the Parks and Recreation Commission and/or its designee, as often as such inspection is deemed necessary. Throughout the term of the lease, the Concessionaire will be required to maintain a true and accurate revenue control system that maintains detailed sales information from each transaction. Specifically, sales information for the concession must be recorded electronically, via a mobile point-of-sale system (e.g., Revel Systems POS, LightSpeed Retail POS, ShopKeep POS, Breadcrumb POS, TouchBistro POS, etc.) with a minimum of 4G wireless Internet service, with details on, but not limited to, each sales transaction, the item(s) sold, time, date of sale and price of the item sold. The Concessionaire will be required to provide the FGC with regular sales reports as requested. The Concessionaire must also establish a dedicated bank account for gross receipts deposits and cash disbursements related to the operation of the Concession. All accounting and internal control related records shall be maintained for a minimum of six (6) years from the date of creation of the record. The Town shall have the right through its representatives, and at all reasonable times, including any time during the one year period following the termination of the Agreement, to inspect such books and records including State of Connecticut sales tax return records, Federal and State income tax returns and Federal and State payroll tax reports.
Accounting Records; Internal Controls. 16 4.13 Insurance ....................................................16 4.14 Permits ......................................................17 4.15
Accounting Records; Internal Controls. (a) The Company maintains accurate books and records reflecting its assets and liabilities and maintains, in the reasonable judgment of the Company, proper and adequate internal accounting controls which provide reasonable assurance that (i) material transactions are executed with management’s authorization; (ii) transactions are recorded as necessary to permit preparation of the consolidated financial statements of the Company and to maintain accountability for the assets of the Company; and (iii) accounts, notes and other receivables and inventory are recorded accurately, and proper and adequate procedures are implemented to effect the collection thereof on a current and timely basis.
Accounting Records; Internal Controls. SIL has records that accurately reflect its transactions, and accounting controls sufficient to ensure that such transactions are (i) executed in accordance with management's general or specific authorization and (ii) recorded in conformity with the requirements of the Companies Xxx 0000 so as to maintain accountability for assets.
Accounting Records; Internal Controls. (a) Each of the Company and its Subsidiaries maintains accurate books and records reflecting its assets and liabilities and maintains, in the reasonable judgment of the Company, proper and adequate internal accounting controls which provide assurance that (i) transactions are executed with management’s authorization; (ii) transactions are recorded as necessary to permit preparation of the consolidated financial statements of the Company and its Subsidiaries and to maintain accountability for the consolidated assets of the Company and its Subsidiaries; (iii) access to the assets of the Company and its Subsidiaries is permitted only in accordance with management’s authorization; and (iv) accounts, notes and other receivables and inventory are recorded accurately, and proper and adequate procedures are implemented to effect the collection thereof on a current and timely basis.
Accounting Records; Internal Controls. The books and records of the Business Entities have been maintained in all material respects in accordance with sound business practices, including the maintenance of an adequate system of internal controls, and fairly reflect, in all material respects, (i) the financial position of the Business Entities and Related Consolidated Entities and (ii) all transactions of the Business Entities. The Business Entities and Related Consolidated Entities have disclosed, based on their most recent evaluations of internal controls over financial reporting, to their respective independent auditors and audit committees, if and to the extent such committees exist, and to the Company, all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting that are reasonably likely to adversely affect the Business Entities’ and Related Consolidated Entities’ ability to record, process, summarize, and report financial information and any fraud, whether or not material, that involves management or other employees who have a significant role in the Business Entities’ and Related Consolidated Entities’ internal control over financial reporting.
